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People aren’t repaying their “buy now, pay later” loans

https://archive.ph/qqLnJ
passionate alcoholic police squad principal's office
  05/19/25
klarna's a bitch
rambunctious mind-boggling factory reset button
  05/19/25
...
crystalline piazza
  05/19/25
mondays
Grizzly sanctuary gay wizard
  05/19/25
...
Galvanic Liquid Oxygen
  05/19/25
...
cyan talented center boltzmann
  05/19/25
...
vigorous naked whorehouse blood rage
  05/20/25
...
Maroon Tanning Salon Son Of Senegal
  05/20/25
you mean my tranche of burrito loans doesnt deserve that AAA...
chocolate box office codepig
  05/19/25
good luck repossessing my Taco Bell
at-the-ready startled home jap
  05/19/25
Michael Burry currently making millions shorting Chipotle Bu...
Orchid gas station philosopher-king
  05/20/25
Good. Jesus Christ. Every couple years when I have to ...
out-of-control abnormal church building useless brakes
  05/20/25
Why do you “have to” buy a new iPhone every coup...
excitant organic girlfriend
  05/20/25
Because I break or lose the old one.
out-of-control abnormal church building useless brakes
  05/20/25
>>> I still do not understand how we went from a wo...
Orchid gas station philosopher-king
  05/20/25
...
glittery theater stage
  05/20/25
...
Sick psychic
  05/20/25
Proles are literally financing tacos. What a world.
laughsome sickened friendly grandma meetinghouse
  05/20/25
ubereats as a tab for SNAP which seems like a red flag for t...
glittery theater stage
  05/20/25
Good
Tripping theatre
  05/20/25
"Klarna, which presented Monday’s earnings via an...
Amethyst church fortuitous meteor
  05/20/25
it turns out banks arent just "evil" and lending t...
marvelous puppy pit
  05/20/25
They are also evil
Orchid gas station philosopher-king
  05/20/25
Holy shit, not flame.
Iridescent step-uncle's house
  05/20/25
...
glittery theater stage
  05/20/25
...
chocolate box office codepig
  05/20/25
...
carmine insane space immigrant
  05/20/25
...
charismatic charcoal weed whacker
  05/20/25
...
olive hateful state
  05/20/25
...
Maroon Tanning Salon Son Of Senegal
  05/20/25
**lib sees that AI avatar is ambiguously multiracial and has...
out-of-control abnormal church building useless brakes
  05/20/25
isn't that basically every loan?
White Hissy Fit Locus
  05/20/25
...
glittery theater stage
  05/20/25
(finance mba)
vivacious ultramarine hell international law enforcement agency
  05/20/25
ever notice that tech Engineers fail like this constantly? i...
glittery theater stage
  05/20/25
they're obsessed with optimization but don't account for all...
Sable Parlor
  05/20/25
and because they're too autistic to understand and account f...
glittery theater stage
  05/20/25
i am MAF i didnt invest in carvana. look is stock last 2-3 y...
impertinent cuck
  05/20/25
lmfao holy shit! i thought of carvana when i made this po...
glittery theater stage
  05/20/25
...
Sick psychic
  05/20/25
this is actually their business model though their busine...
big alcoholic gaming laptop
  05/20/25
you are dreaming if you think it's only dumb Blacks, prole w...
massive adventurous feces
  05/20/25
twist: they sell these loan portfolios to others so they don...
impertinent cuck
  05/20/25
...
glittery theater stage
  05/20/25
This brilliant business model works until people no longer b...
Orchid gas station philosopher-king
  05/20/25
just increase penalty fees to juice the returns to offset th...
impertinent cuck
  05/20/25
tsinah hack
stimulating travel guidebook
  05/20/25
...
snowy garrison
  05/20/25
That's Anti-semitism
Silver hairy legs messiness
  05/20/25
I don't need "credit" anymore. Should I start doi...
snowy garrison
  05/20/25
I’m shocked that financing burritos for proles is not ...
elite field mother
  05/20/25
Is Affirm in equally bad shape or is this specific to Klarna...
Irradiated Blue Party Of The First Part
  05/20/25
lol, it’s the model that’s fucked. Maybe one ha...
elite field mother
  05/21/25
Underreported part of this story is just how much Klarna and...
elite field mother
  05/21/25
It was all worth it to keep line go up for a couple of extra...
Iridescent step-uncle's house
  05/21/25


Poast new message in this thread



Reply Favorite

Date: May 19th, 2025 10:21 PM
Author: passionate alcoholic police squad principal's office

https://archive.ph/qqLnJ

(http://www.autoadmit.com/thread.php?thread_id=5727584&forum_id=2...id.#48946034)



Reply Favorite

Date: May 19th, 2025 10:23 PM
Author: rambunctious mind-boggling factory reset button

klarna's a bitch

(http://www.autoadmit.com/thread.php?thread_id=5727584&forum_id=2...id.#48946044)



Reply Favorite

Date: May 19th, 2025 10:26 PM
Author: crystalline piazza



(http://www.autoadmit.com/thread.php?thread_id=5727584&forum_id=2...id.#48946050)



Reply Favorite

Date: May 19th, 2025 10:24 PM
Author: Grizzly sanctuary gay wizard

mondays

(http://www.autoadmit.com/thread.php?thread_id=5727584&forum_id=2...id.#48946045)



Reply Favorite

Date: May 19th, 2025 10:25 PM
Author: Galvanic Liquid Oxygen



(http://www.autoadmit.com/thread.php?thread_id=5727584&forum_id=2...id.#48946047)



Reply Favorite

Date: May 19th, 2025 10:28 PM
Author: cyan talented center boltzmann



(http://www.autoadmit.com/thread.php?thread_id=5727584&forum_id=2...id.#48946057)



Reply Favorite

Date: May 20th, 2025 3:42 AM
Author: vigorous naked whorehouse blood rage



(http://www.autoadmit.com/thread.php?thread_id=5727584&forum_id=2...id.#48946430)



Reply Favorite

Date: May 20th, 2025 5:43 PM
Author: Maroon Tanning Salon Son Of Senegal



(http://www.autoadmit.com/thread.php?thread_id=5727584&forum_id=2...id.#48948556)



Reply Favorite

Date: May 19th, 2025 10:26 PM
Author: chocolate box office codepig

you mean my tranche of burrito loans doesnt deserve that AAA rating?

(http://www.autoadmit.com/thread.php?thread_id=5727584&forum_id=2...id.#48946049)



Reply Favorite

Date: May 19th, 2025 10:37 PM
Author: at-the-ready startled home jap

good luck repossessing my Taco Bell



(http://www.autoadmit.com/thread.php?thread_id=5727584&forum_id=2...id.#48946078)



Reply Favorite

Date: May 20th, 2025 2:12 AM
Author: Orchid gas station philosopher-king

Michael Burry currently making millions shorting Chipotle Burrito Bowl CLOs

(http://www.autoadmit.com/thread.php?thread_id=5727584&forum_id=2...id.#48946385)



Reply Favorite

Date: May 20th, 2025 2:26 AM
Author: out-of-control abnormal church building useless brakes

Good. Jesus Christ.

Every couple years when I have to buy a new iPhone, and I ask whether there's any promotion available to where I don't have to pay full-freight if I buy like last year's model or whatever -- I still do not understand how we went from a world where the cost of the phone itself was a perk of renewing your contract to one where I have to pay a thousand dollars -- it pisses me off on a pretty deep level that the response from the ambiguously brown tattooed salesperson is that, yeah of course!, you can get on a $19/month (5-year) payment plan.

I have a real hard time not rooting for d'Angelow just going "yea Ima take that shit; niteteen dollar?" and then never paying ever again.

(http://www.autoadmit.com/thread.php?thread_id=5727584&forum_id=2...id.#48946391)



Reply Favorite

Date: May 20th, 2025 2:37 AM
Author: excitant organic girlfriend

Why do you “have to” buy a new iPhone every couple of years

(http://www.autoadmit.com/thread.php?thread_id=5727584&forum_id=2...id.#48946397)



Reply Favorite

Date: May 20th, 2025 3:34 AM
Author: out-of-control abnormal church building useless brakes

Because I break or lose the old one.

(http://www.autoadmit.com/thread.php?thread_id=5727584&forum_id=2...id.#48946424)



Reply Favorite

Date: May 20th, 2025 4:02 AM
Author: Orchid gas station philosopher-king

>>> I still do not understand how we went from a world where the cost of the phone itself was a perk of renewing your contract to one where I have to pay a thousand dollars

It still is if you buy an Android phone. Otherwise there is a reason Apple is worth what it is

(http://www.autoadmit.com/thread.php?thread_id=5727584&forum_id=2...id.#48946436)



Reply Favorite

Date: May 20th, 2025 8:55 AM
Author: glittery theater stage



(http://www.autoadmit.com/thread.php?thread_id=5727584&forum_id=2...id.#48946654)



Reply Favorite

Date: May 20th, 2025 5:39 PM
Author: Sick psychic



(http://www.autoadmit.com/thread.php?thread_id=5727584&forum_id=2...id.#48948546)



Reply Favorite

Date: May 20th, 2025 2:46 AM
Author: laughsome sickened friendly grandma meetinghouse

Proles are literally financing tacos. What a world.

(http://www.autoadmit.com/thread.php?thread_id=5727584&forum_id=2...id.#48946399)



Reply Favorite

Date: May 20th, 2025 8:56 AM
Author: glittery theater stage

ubereats as a tab for SNAP which seems like a red flag for things about to get kooky

(http://www.autoadmit.com/thread.php?thread_id=5727584&forum_id=2...id.#48946656)



Reply Favorite

Date: May 20th, 2025 3:36 AM
Author: Tripping theatre

Good

(http://www.autoadmit.com/thread.php?thread_id=5727584&forum_id=2...id.#48946426)



Reply Favorite

Date: May 20th, 2025 3:54 AM
Author: Amethyst church fortuitous meteor

"Klarna, which presented Monday’s earnings via an AI-generated avatar of its chief executive, has bet heavily on artificial intelligence and has said the technology helps to cut costs.

The group reduced its total headcount by 39 per cent in the past two years, while its customer service costs were down 12 per cent in the first quarter compared with the same period a year earlier."

lol. a holographic dancing anime CEO informing you that your job has been terminated.

(http://www.autoadmit.com/thread.php?thread_id=5727584&forum_id=2...id.#48946434)



Reply Favorite

Date: May 20th, 2025 8:48 AM
Author: marvelous puppy pit

it turns out banks arent just "evil" and lending to poor retarded people was risky all along?

(http://www.autoadmit.com/thread.php?thread_id=5727584&forum_id=2...id.#48946645)



Reply Favorite

Date: May 20th, 2025 5:31 PM
Author: Orchid gas station philosopher-king

They are also evil

(http://www.autoadmit.com/thread.php?thread_id=5727584&forum_id=2...id.#48948507)



Reply Favorite

Date: May 20th, 2025 8:55 AM
Author: Iridescent step-uncle's house

Holy shit, not flame.

(http://www.autoadmit.com/thread.php?thread_id=5727584&forum_id=2...id.#48946655)



Reply Favorite

Date: May 20th, 2025 8:56 AM
Author: glittery theater stage



(http://www.autoadmit.com/thread.php?thread_id=5727584&forum_id=2...id.#48946657)



Reply Favorite

Date: May 20th, 2025 9:08 AM
Author: chocolate box office codepig



(http://www.autoadmit.com/thread.php?thread_id=5727584&forum_id=2...id.#48946672)



Reply Favorite

Date: May 20th, 2025 9:27 AM
Author: carmine insane space immigrant



(http://www.autoadmit.com/thread.php?thread_id=5727584&forum_id=2...id.#48946695)



Reply Favorite

Date: May 20th, 2025 9:37 AM
Author: charismatic charcoal weed whacker



(http://www.autoadmit.com/thread.php?thread_id=5727584&forum_id=2...id.#48946730)



Reply Favorite

Date: May 20th, 2025 5:37 PM
Author: olive hateful state



(http://www.autoadmit.com/thread.php?thread_id=5727584&forum_id=2...id.#48948535)



Reply Favorite

Date: May 20th, 2025 5:43 PM
Author: Maroon Tanning Salon Son Of Senegal



(http://www.autoadmit.com/thread.php?thread_id=5727584&forum_id=2...id.#48948558)



Reply Favorite

Date: May 20th, 2025 5:51 PM
Author: out-of-control abnormal church building useless brakes

**lib sees that AI avatar is ambiguously multiracial and has queer mannerisms**

**nods with satisfaction**

(http://www.autoadmit.com/thread.php?thread_id=5727584&forum_id=2...id.#48948572)



Reply Favorite

Date: May 20th, 2025 8:49 AM
Author: White Hissy Fit Locus

isn't that basically every loan?

(http://www.autoadmit.com/thread.php?thread_id=5727584&forum_id=2...id.#48946646)



Reply Favorite

Date: May 20th, 2025 8:55 AM
Author: glittery theater stage



(http://www.autoadmit.com/thread.php?thread_id=5727584&forum_id=2...id.#48946652)



Reply Favorite

Date: May 20th, 2025 5:44 PM
Author: vivacious ultramarine hell international law enforcement agency

(finance mba)

(http://www.autoadmit.com/thread.php?thread_id=5727584&forum_id=2...id.#48948561)



Reply Favorite

Date: May 20th, 2025 8:58 AM
Author: glittery theater stage

ever notice that tech Engineers fail like this constantly? it's because they Engineer the humanity out of things and can only autistically look at numbers on paper.

it's the same reason why zillow and carvana lost a lot of money attempting to automate house and car flipping. turns out that the "average trade in" on a car factors in a human checking it out first and without that people will sell you lemons the dealer passed on.

(http://www.autoadmit.com/thread.php?thread_id=5727584&forum_id=2...id.#48946660)



Reply Favorite

Date: May 20th, 2025 9:22 AM
Author: Sable Parlor

they're obsessed with optimization but don't account for all the factors, usually because it makes their shitty "Saas" much harder to implement

(http://www.autoadmit.com/thread.php?thread_id=5727584&forum_id=2...id.#48946686)



Reply Favorite

Date: May 20th, 2025 9:37 AM
Author: glittery theater stage

and because they're too autistic to understand and account for things that cannot be quantified into data.

this is why everything is better on paper but in reality so much worse.

(http://www.autoadmit.com/thread.php?thread_id=5727584&forum_id=2...id.#48946726)



Reply Favorite

Date: May 20th, 2025 9:38 AM
Author: impertinent cuck

i am MAF i didnt invest in carvana. look is stock last 2-3 years. JFC

(http://www.autoadmit.com/thread.php?thread_id=5727584&forum_id=2...id.#48946731)



Reply Favorite

Date: May 20th, 2025 9:40 AM
Author: glittery theater stage

lmfao holy shit!

i thought of carvana when i made this poast because i just listened to something about carvana's recovery but i had no idea it was so dramatic.

(http://www.autoadmit.com/thread.php?thread_id=5727584&forum_id=2...id.#48946742)



Reply Favorite

Date: May 20th, 2025 5:40 PM
Author: Sick psychic



(http://www.autoadmit.com/thread.php?thread_id=5727584&forum_id=2...id.#48948549)



Reply Favorite

Date: May 20th, 2025 9:35 AM
Author: big alcoholic gaming laptop

this is actually their business model though

their business model isn't to charge people interest. it's to ding them with "late fees" when they don't pay

it's unclear how they're going to enforce things or actually get the money, though. like you can charge 60 IQ niggers all the "late fees" you want on their chipotle burrito purchases. they can just....not pay you

(http://www.autoadmit.com/thread.php?thread_id=5727584&forum_id=2...id.#48946716)



Reply Favorite

Date: May 20th, 2025 9:37 AM
Author: massive adventurous feces

you are dreaming if you think it's only dumb Blacks, prole whites have Ruinous credit and are even more likely to not pay it back because they know the consequences are minimal

(http://www.autoadmit.com/thread.php?thread_id=5727584&forum_id=2...id.#48946728)



Reply Favorite

Date: May 20th, 2025 9:38 AM
Author: impertinent cuck

twist: they sell these loan portfolios to others so they dont even bear the credit risk

(http://www.autoadmit.com/thread.php?thread_id=5727584&forum_id=2...id.#48946733)



Reply Favorite

Date: May 20th, 2025 9:40 AM
Author: glittery theater stage



(http://www.autoadmit.com/thread.php?thread_id=5727584&forum_id=2...id.#48946740)



Reply Favorite

Date: May 20th, 2025 5:32 PM
Author: Orchid gas station philosopher-king

This brilliant business model works until people no longer buy their debt, or force them to price it so high it becomes uneconomical

(http://www.autoadmit.com/thread.php?thread_id=5727584&forum_id=2...id.#48948514)



Reply Favorite

Date: May 20th, 2025 5:56 PM
Author: impertinent cuck

just increase penalty fees to juice the returns to offset the increased bad debt bro

(http://www.autoadmit.com/thread.php?thread_id=5727584&forum_id=2...id.#48948585)



Reply Favorite

Date: May 20th, 2025 9:37 AM
Author: stimulating travel guidebook

tsinah hack

(http://www.autoadmit.com/thread.php?thread_id=5727584&forum_id=2...id.#48946729)



Reply Favorite

Date: May 20th, 2025 5:35 PM
Author: snowy garrison



(http://www.autoadmit.com/thread.php?thread_id=5727584&forum_id=2...id.#48948522)



Reply Favorite

Date: May 20th, 2025 9:40 AM
Author: Silver hairy legs messiness

That's Anti-semitism

(http://www.autoadmit.com/thread.php?thread_id=5727584&forum_id=2...id.#48946743)



Reply Favorite

Date: May 20th, 2025 5:34 PM
Author: snowy garrison

I don't need "credit" anymore. Should I start doing this?

What's the best way to scam them before they stop paying for my stuff?

(http://www.autoadmit.com/thread.php?thread_id=5727584&forum_id=2...id.#48948520)



Reply Favorite

Date: May 20th, 2025 5:39 PM
Author: elite field mother

I’m shocked that financing burritos for proles is not working out

(http://www.autoadmit.com/thread.php?thread_id=5727584&forum_id=2...id.#48948545)



Reply Favorite

Date: May 20th, 2025 7:49 PM
Author: Irradiated Blue Party Of The First Part

Is Affirm in equally bad shape or is this specific to Klarna?

(http://www.autoadmit.com/thread.php?thread_id=5727584&forum_id=2...id.#48948912)



Reply Favorite

Date: May 21st, 2025 6:54 AM
Author: elite field mother

lol, it’s the model that’s fucked. Maybe one had worse underwriting standards than the other but both are wrecked when checking accounts are empty

(http://www.autoadmit.com/thread.php?thread_id=5727584&forum_id=2...id.#48950142)



Reply Favorite

Date: May 21st, 2025 6:58 AM
Author: elite field mother

Underreported part of this story is just how much Klarna and Affirm juiced consumer retail spending. The model works by paying retailers 80-90 percent of the price instantly and pocketing the difference, so by inducing proles to spend more money than they have, retail sales stayed healthy. If prole bank accounts are empty and klarna and affirm need to preserve cash they have to increase underwriting standards and retail sales will take a prole sized nose-dive.

The recession we’re in could end up being a very large one and very difficult to climb out of if the fed keeps rates high. Trump is going to fire the Fed Reserve by this fall.

(http://www.autoadmit.com/thread.php?thread_id=5727584&forum_id=2...id.#48950145)



Reply Favorite

Date: May 21st, 2025 7:24 AM
Author: Iridescent step-uncle's house

It was all worth it to keep line go up for a couple of extra months.

(http://www.autoadmit.com/thread.php?thread_id=5727584&forum_id=2...id.#48950163)